Binance Proof of Reserves

Finance issues 94 tokens on finance smart chain that are supposed to be backed by tokens from other chains. Bloomberg reported that for dozens of these coins, they had not been keeping the collateral for them separate and it had instead been commingling it with client funds in cold wallets. And again, reason for me to suspect that we're not going to see meaningful transitions or changes to plenty of these exchanges while we might see more from a few or maybe even these major exchanges like finance have being kind of forced to.